Is a security deposit regarded as income for bookkeeping purposes? I'm using Excel spreadsheets for now to do my bookkeeping. How do I account for the security deposit without inflating the cashflow? How do I account ...

I'm in the process of renting out my second property. I've had a few interested parties but nobody who actually put in an application yet.The only couple who's ready to put an app in is an older couple and their only ...

Looking for the correct/best way to account for Debt Financed Distributions from a Cash Out Refinance on a commercial property?What get's credited and what gets debited?So far we have:Credit: New LoanDebit: Cash Accou...

Hi there...I'm a newbie and I need HELP!!  Can someone please tell me what the J/E would be for the attached Settlement Statement? This property is in a LLC, but we paid for it personally, so do I first need to includ...

I have a question, I'm closing on a flip next month and need help with my final buying costs based on my HUD. I've done the calculations, but my numbers don't add up. --------------------------------------------------...

Does anyone here use Buildium for property management and Quickbooks for accounting?  I'm looking to see what everyones workflows are for each month.  I like both products and they both have there place in our busines...

I'm interested in hearing how some of you are using quickbooks to manage rental properties. What's the best way to set it up?

Thanks,

How do the tax ramifications of a hiring people to do small jobs (but over $600/year) work? I’ve heard you’re supposed to file a 1099 with the IRS and provide a copy to the contractor if you’re the one paying for the ...

This is about the best place I can find, and here is my question.  Once I open my Solo 401k, can anyone recommend a bank or brokerage house to open an account?  I have a desire to invest in the stock market, with the ...

Hey everyone! I just closed on my first property literally today. Super excited but now I'm a little confused. I want to make sure I get all the tax benefits from the property, so I want to make sure I track my expens...